South Africa’s record of enforcement and prosecution against foreign bribery remains woefully low, at a time when global enforcement has dropped to its lowest level since Transparency International (TI) began measuring enforcement patterns of some of the world’s biggest exporters in 2009.
When huge multinational companies bribe foreign public officials with the ultimate aim of bigger profits, the cost is the diversion of resources, the undermining of democracy and the breakdown of the rule of law.
The 14th edition of the TI report, “Exporting Corruption 2022: Assessing Enforcement of the OECD (Organisation for Economic Co-operation and Development) Anti-Bribery Convention”, released yesterday, reviews 47 leading export countries in the period 2018-2021, 43 of which are signatories to the convention along with China, India, Hong Kong and Singapore.
It confirms the alarming…